The commissioner, by rule, regulation, or order, may exempt an Alabama Coastal Captive Insurance Company, on a case-by-case basis, from provisions of this chapter that are determined to be inappropriate given the nature of the risks to be insured and the intent of this chapter.
Ala. Code § 27-31C-6
Exemptions from Chapter.
Known as the Alabama Coastal Captive Insurance Company Act
The act spans §§ 27-31C-1 to 27-31C-9 (9 sections).
(Act 2008-391, p. 742, §2.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.